Ramirez Asset Management Inc. Has $2.76 Million Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ramirez Asset Management Inc. trimmed its position in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,638 shares of the semiconductor company’s stock after selling 5,143 shares during the period. Ramirez Asset Management Inc.’s holdings in ASE Technology were worth $2,756,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ASX. Steward Partners Investment Advisory LLC increased its position in shares of ASE Technology by 166.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 2,307 shares in the last quarter. Allworth Financial LP boosted its stake in ASE Technology by 42.5% in the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 1,104 shares during the last quarter. R Squared Ltd bought a new stake in shares of ASE Technology in the fourth quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB bought a new position in ASE Technology in the 3rd quarter worth about $77,000. Finally, Whipplewood Advisors LLC bought a new position in ASE Technology in the 4th quarter valued at $93,000. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Price Performance

Shares of NYSE:ASX opened at $9.31 on Friday. ASE Technology Holding Co., Ltd. has a one year low of $8.10 and a one year high of $12.86. The company’s fifty day moving average price is $10.20 and its 200-day moving average price is $10.07. The firm has a market capitalization of $20.54 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 0.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 0.93.

ASE Technology (NYSE:ASX) last released its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. On average, equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.